🚨 Hong Kong's SFC adds MEXC exchange to its warning list! 😲 MEXC, the world's 11th largest crypto exchange, is accused of promoting services to Hong Kong investors without proper licensing. The SFC urges caution when trading on unregulated platforms, as investors may risk losing it all. 📉

What do you think? Are you trading on MEXC? Share your thoughts below! 👇

Key points:

- MEXC hasn't applied for a VATP license in Hong Kong

- SFC warning list now includes 20 crypto exchanges

- Deadline for VATP applications lapsed on Feb. 29; unlicensed firms must cease operations by May 31

Stay safe, crypto traders! 🛡️